3.1. EDSR CHECK REGISTER 08-11-1997 BRC FINANCIAL SYSTEM CITY OF ELK RIVER
07/21/97 08:41 Check Register GL540R-VO4.40 PAGE 7
BANK VENDOR CHECK# DATE AMOUNT
•BANK OF ELK RIVER #020343
022225 POSTMASTER 1075 07/21/97 9.06
014041 ELK RIVER/CITY OF 1076 07/21/97 500.00
BANK OF ELK RIVER #020343 509.06 ***
BRC FINANCIAL SYSTEM CITY OF ELK RIVER
07/21/97 08:41 Check Register GL540R-VO4.40 PAGE 6
BANK VENDOR CHECK# DATE AMOUNT
EDA BANK OF ELK RIVER #020407
025390 VOID CHECKS 1367 07/21/97 0.00
022225 POSTMASTER 1368 07/21/97 47.16
010140 A T & T 1382 07/21/97 6.90
013500 DEHN OIL CO 1383 07/21/97 28.71
013670 DOHERTY, RUMBLE & BUTLER 1384 07/21/97 404.93 -->•Q°'� ` `
013836 E C M PUBLISHERS INC 1385 07/21/97 196.80
014025 ELK RIVER CHAMBER OF COM 1386 07/21/97 6,000.00
014360 ELK RIVER PRINTING 1387 07/21/97 15.98
014041 ELK RIVER/CITY OF 1388 07/21/97 13,363.40
jilii6046 HARDWARE STORE/THE 1389 07/21/97 2.86
6240 HICKMAN/LARRY 1390 07/21/97 9,734.79
022658 RELIABLE 1391 07/21/97 34.77
022970 S & T OFFICE PRODUCTS IN 1392 07/21/97 7.32
024925 U S WEST COMMUNICATIONS 1393 07/21/97 58.88
BANK OF ELK RIVER #020407 29,902.50 ***
BRC FINANCIAL SYSTEM CITY OF ELK RIVER
08/01/97 06:31 Check Register GL540R-VO4.40 PAGE 4
BANK VENDOR CHECK# DATE AMOUNT
EDA BANK OF ELK RIVER #020407
010142 A T & I WIRELESS SERVICE 1394 08/04/97 39.33
015565 GENESIS BUSINESS CENTERS 1395 08/04/97 500.00
.09103 H K S ASSOCIATES INC 1396 08/04/97 262.50 -4.4"""4"..7...6.1A, /"4"-"r g::4:42/441.r""
E4f
016240 HICKMAN/LARRY 1397 08/04/97 4,081.70
016545 HOUSE 'B' CLEAN 1398 08/04/97 42.60
020575 MN REAL ESTATE JOURNAL 1399 08/04/97 300.00
021300 NEOPOST 1400 08/04/97 46.95
1840 ONRAMP INC 1401 08/04/97 49.90
.2970 S & T OFFICE PRODUCTS IN 1402 08/04/97 33.28
024925 U S WEST COMMUNICATIONS 1403 08/04/97 61.45 4.44.44: 1-; !,, f/Qqp r.' M4-. ,
94)
025595 WEDELL/GRETA 1404 08/04/97 2,007.00 �11 - r E ,4.9��
BANK OF ELK RIVER #020407 7,424.71 ***
DOHERTY 2800 Minnesota World Trade Center With offices in:
30 East Seventh Street Minneapolis,MN,Telephone(612)340-5555,FAX(612)340-5584
RUMBLE Saint Paul,Minnesota 55101-4999 Denver,CO,Telephone(303)572-6200,FAX(303)572-6203
& BUTLER Telephone(612)291-9333
FAX(612)291-9313 Washington,D.C.,(202)393-2554,FAX(202)393-3131
PROFESSIONAL ASSOCIATION FED.ID.41-1385112
Attorneys at Law
Elk River Economic Development
Authority June 30, 1997
Attn: Paul Steinman Client No. 106732-102
P.O. Box 490
Elk River, MN 55330-0490
X11 . Pajt get
For Legal Services Rendered Through May 31, 1997 Regardin
05/16/97 Research procedure for EDA's purchase of property.
05/20/97 Telephone conference with Paul Steinman regarding title, environmental, and
soils conditions for property to be purchased.
05/21/97 Prepare memo regarding multiple owner development contract for West Highway
. 10 Business Park.
05/21/97 Review draft Purchase Agreement.
05/22/97 Voice mail to Paul Steinman with comments on Purchase Agreement for Lot 1,
Block 2, Elk River Industrial Park; edit memo regarding West 10 Business Park.
Total For Services $331.25
Disbursements:
05/27/97 Telefax - Paul Steinman 5/22/97 3.08
05/30/97 Copying Costs - 5/97 5.60
Total For Disbursements $8.68
TOTAL FOR SERVICES AND DISBURSEMENTS $339.93
•
PLEASE NOTE: Costs and expenses incurred but not included in this statement will be submitted to you for payment at a later date.
PAYMENT DUE UPON RECEIPT
DOHERTY 2800 Minnesota World Trade Center With offices in:
30 East Seventh Street Minneapolis,MN,Telephone(612)340-5555,FAX(612)340-5584
RUMBLE Saint Paul,Minnesota 55101-4999 Denver,CO,Telephone(303)572-6200,FAX(303)572-6203
S
Telephone(612)291-9333
FAX(612)291-9313 Washington,D.C.,(202)393-2554,FAX(202)393-3131
& BUTLER
PROFESSIONAL ASSOCIATION FED.ID.41-1385112
Attorneys at Law
Page 2
June 30, 1997
Client No. 106732-102
SUMMARY BY ATTORNEY
Hours Billed Bill
Attorney Worked Per Hour Amount
A. Phillips .25 110.00 27.50
D. SELLERGREN 2.25 135.00 303.75
• Total all Attorneys 2.50 132.50 331.25
Total For This Statement $339.93
IIII
PLEASE NOTE: Costs and expenses incurred but not included in this statement will be submitted to you for payment at a later date.
PAYMENT DUE UPON RECEIPT
DOHERTY 2800 Minnesota World Trade Center With offices in:
30 East Seventh Street Minneapolis,MN,Telephone(612)340-5555,FAX(612)340-5584
RUMBLE Saint Paul,Minnesota 55101-4999 Denver,CO,Telephone(303)572-6200,FAX(303)572-6203
41111 & BUTLER
Telephone(612)291-9333
FAX(612)291-9313 Washington,D.C.,(202)393-2554,FAX(202)393-3131
PROFESSIONAL ASSOCIATION FED.ID.41-1385112
Attorneys at Law
Elk River Economic Development Authority
Attn: Paul Steinman June 30, 1997
P.O. Box 490 Client No. 106732-200
Elk River, MN 55330-0490
For Legal Services Rendered Through May 31, 1997 Regarding Miscellaneous Loan
Transactions
LeFebvre Loan
05/14/97 Preparation for filing of UCC-1 with Minnesota Secretary of State covering
property owned by LeFebvre Leasing Co.
Total For Services $45.00
Disbursements:
05/15/97 Filing/Recording Fee - Minnesota Secretary of 20.00
State, filing fee for Financing Statement Covering Collateral
Owned by LeFebvre Leasing Co.
Total For Disbursements $20.00
TOTAL FOR SERVICES AND DISBURSEMENTS $65.00
yaw•
PLEASE NOTE: Costs and expenses incurred but not included in this statement will be submitted to you for payment at a later date.
PAYMENT DUE UPON RECEIPT
DOHERTY 2200 Minnesota World Trade Center With offices in:
30 East Seventh Street Minneapolis,MN,Telephone(612)340-5555,FAX(612)340-5584
RUMBLE Saint Paul,Minnesota 55101-4999 Denver,CO,Telephone(303)572-6200,FAX(303)572-6203
Telephone(612)291-9333 Washington,D.C.,(202)393 2554,FAX(202)393-3131
& BUTLER FAX(612)291-9313
PROFESSIONAL ASSOCIATION FED.ID.41-1385112
Attorneys at Law
Page 2
June 30, 1997
Client No. 106732-200
SUMMARY BY ATTORNEY
Hours Billed Bill
Attorney Worked Per Hour Amount
L. Sigman .50 90.00 45.00
Total all Attorneys .50 90.00 45.00
411.
4
Total For This Statement $65.00
4111
PLEASE NOTE: Costs and expenses incurred but not included in this statement will be submitted to you for payment at a later date.
PAYMENT DUE UPON RECEIPT
INFORMATION ONLY
STATEMENT OF FINANCIAL ACTIVITY
FOR THE EDA, MICRO AND DTED LOAN FUNDS
410 FOR THE PERIOD JULY 31, 1997
ECONOMIC DEVELOPMENT AUTHORITY
1997 Month to Year to
Budget Date Date
Cash Balance $ 120,036
Revenues
Property Tax $ 82,440 $45,217 $ 45,217
HACA 12,060 6,033 6,033
Refunds&Reimb. - - -
Interest Income - 129 1,218
Total Revenues 94,500 51,379 52,468
Expenditures
Personal Services 46,600 12,367 23,303
Supplies 800 88 545
Other Services&Charges 45,350 6,710 24,390
Transfers 1,000 1,000 1,000
Total Expenditures 93,750 20,165 49,238
MICRO LOAN FUND DTED LOAN FUND
Month to Year to Month to Year to
Date Date Date Date
1111).
Cash Balance $ 296,540 $ 15,200
Revenues
Application Fees $ - $ 500 $ - $
Interest Income 923 5,079 47 990
Loan Payments 10,769 61,865 2,591 18,137
Total Revenues 11,692 67,444 2,638 19,127
Expenditures
Loans - 50,000 -
Transfer - - 89,502 89,502
Total Expenditures - 50,000 89,502 89,502
*********************************************************************************************************************************
Status of Micro Loans as of July 31:
Business Current Business Current
Alltool Grant Y Pomeroy Tool Y
Roma Tool Grant Y Designing Women Y
Second Generation Y Tescom Y
Indy Lube Y Larose Y
Beaudry Y Water Laboratories Y
R&D Sales Y E R Automall Y
Carpe Kairos LLC Y T J Properties Y
Internet 5 Y Diamond City Bread Y
Lefebvre Leasing Y
INFORMATION ONLY
STATEMENT OF FINANCIAL ACTIVITY
FOR THE ELK RIVER BUSINESS INCUBATOR
FOR THE PERIOD JULY 31, 1997
Month to Year to
Budget Date Date
Cash Balance $ 45,946
Revenues
al
Rent $ 10,000 $ 473 $ 1,891
Transfer - - 89,502
Total Revenues
Expenditures
10,000 473 91,393
Lease with Private Party 50,502 - 6,592
Leasehold Improvements
Signage
25,000 9,735 34,735
3,000 - 2,075
Genesis Business Centers 6,000 - 2,000
Contingency 5,000 3 46
• Total Expenditures 89,502 9,738 45,448